The Peterborough Canoe Company, founded in 1892 by William H. Hill and Elihu Edwards, manufactured wooden canoes in a factory located at the corner of King and Water Streets in the city of Peterborough, Ontario, Canada. Today, along with the development of technology, modern boats are born, products makers of the new aluminum and fibreglass canoes, which were easier to mass-produce. Still, there are those who are willing to pay extra for a hand-crafted wooden canoe, and the forms and designs of the Peterborough canoes are still in use by canoe craftsmen today. The original boats are now prized as antiques and restored by hobbyists.